The State Secretary, Deputy Minister of Economic Development of the Russian Federation Oleg Fomichev, chaired a meeting of the RVC Board of Directors, at which the Company's Development Strategy for 2017-2030 was approved. The strategy defines the mission, strategic goal and objectives, lines of activities and tools that ensure achievement of the statutory goal of RVC: profit making, stimulating the development of the venture investment industry in Russia, discharge of the functions of the NTI Project Office.
The mission of the company is to form a mature venture market through merger and development of resources, competencies and initiatives of investors managing investment portfolios and entrepreneurs to create and promote innovative products and technologies in priority technology areas that ensure Russia's leadership in the global technology market.
The strategic goal of RVC is to achieve by 2030 scale of activities comparable to similar European entities. RVC will support Russian technological entrepreneurs in priority fields that correspond to the areas of NTI road maps and end-to-end technologies for scientific and technical development of Russia. These areas include biomedicine, energy, advanced production technologies, new materials, development of component base, quantum technologies, digital technologies in relevant fields.
Tools for the implementation of the RVC strategy are structured along three lines: investment activities, development of innovations and NTI, development of the venture market ecosystem. They will be focused on supporting megaprojects of state innovation policy, first of all, NTI.
The strategic objective of RVC will be implemented mainly through investments in venture funds as well as through the creation of new funds with the involvement of professional investors. To develop a technological transfer, RVC plans to co-invest in technology companies, work with portfolio companies of funds as a leading investor. The investment activities will be aimed at increasing venture capital through the creation of funds and attracting new partners: private, institutional and foreign investors, and large corporations.
The portfolio of RVC will be comprised of five types of funds: early venture support of NTI projects, development of high-tech industries, corporate, targeted and investment-oriented in the global market. When creating new funds, RVC will invest up to 10% of the total capital in seed funds and about 55% of the capital — in early-stage investment funds. RVC is focused on reducing the company's share in the funds’ capital down to 50% by 2020 and down to 30% by 2030.
RVC will elaborate on the development of the transfer of scientific research results into the technology business, in particular, to implement accelerating measures and educational programs, including for the benefit of corporations. RVC will, as before, promote innovation activities and development of technological communities. The company will disseminate the standards and best practices of the professional venture market participants, will provide information support to regulators in terms of venture market development tools, and will advise strategic investors. An important component of RVC's activities is cooperation with development institutions and financial market infrastructure holders in order to develop exits from venture investments.